Latest Nissan Motor Co Ltd News

Nissan chief hands in resignation, successor to be named

Sep. 9, 2019 11:24 AM EDT

YOKOHAMA, Japan (AP) — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. "It would have been better if I had been able to resolve everything first,"...

Nissan chief got dubious payments but says he didn't know

Sep. 4, 2019 11:53 PM EDT

TOKYO (AP) — The chief executive of scandal-plagued Nissan on Thursday acknowledged receiving inappropriate payments from the Japanese automaker but denied he ordered it or knew about it. Hiroto Saikawa said an internal company investigation found he had received the money, but he would return it. "I...

New prosecutor defends Japan's handling of Carlos Ghosn case

Sep. 3, 2019 5:47 AM EDT

TOKYO (AP) — Tokyo's newly appointed chief prosecutor defended his office's handling of the case against former Nissan Chairman Carlos Ghosn Tuesday, saying everything is being carried out properly under Japanese law, including a court-ordered ban on Ghosn's contact with his wife. Asked about criticisms of...

Macron expected to raise Carlos Ghosn case with Japan's Abe

Aug. 22, 2019 9:46 AM EDT

PARIS (AP) — The wife of Carlos Ghosn on Thursday urged French President Emmanuel Macron to intercede on behalf of the former chairman of Nissan and Renault when he meets with Japanese Prime Minister Shinzo Abe at the G-7 summit in France. The appeal is Carole Ghosn's latest effort to pressure Japan into...

Correction: Nissan-Side Air Bags story

Aug. 9, 2019 5:32 PM EDT

COLUMBIA, S.C. (AP) — In a story Aug. 7 about a $1.5 million settlement from Nissan in a lawsuit over an automobile crash in South Carolina, The Associated Press erroneously reported that the Nissan Versa lacked side curtain air bags. The vehicle lacked a rollover sensor that would have activated the bags....

Nissan ex-chair's wife denounces restrictions on contacts

Aug. 6, 2019 8:49 AM EDT

TOKYO (AP) — The wife of former Nissan Chairman Carlos Ghosn is protesting restrictions on contacting her husband as he awaits trial in Japan on financial misconduct allegations, calling them a human rights violation. Carole Ghosn said Tuesday the family's fifth appeal to gain visitation rights was refused...

Toyota profits up, Honda's down, both lower annual forecasts

Aug. 2, 2019 3:31 AM EDT

TOKYO (AP) — Toyota reported a nearly 4% increase in fiscal first quarter profit on improved sales, while rival Honda reported a 29% decline in fiscal first quarter profit. Both Japanese automakers on Friday lowered their profit forecasts for the fiscal year, blaming an unfavorable foreign exchange rate....

Nissan to slash 12,500 jobs to cut costs, achieve turnaround

Jul. 25, 2019 5:08 AM EDT

TOKYO (AP) — Nissan is slashing 12,500 jobs or about 9% of its global workforce to cut costs and achieve a turnaround amid tumbling profits, the Japanese automaker said Thursday. Nissan Motor Co. also said it will cut global production capacity by 10% and reduce model lineups by at least 10% by the end of...

Nissan directors say reforms, job cuts are coming

Jul. 24, 2019 7:45 AM EDT

YOKOHAMA, Japan (AP) — The newly tapped directors to strengthen corporate governance at Nissan promised to turn the Japanese automaker's ailing business around but said Wednesday that extensive job cuts designed to drive a recovery are also coming. Nissan's brand image has been battered by the financial...